Texas Instruments Incorporated (NASDAQ:TXN) Position Cut by Toronto Dominion Bank

Toronto Dominion Bank trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 538,822 shares of the semiconductor company's stock after selling 27,540 shares during the quarter. Toronto Dominion Bank owned 0.06% of Texas Instruments worth $101,033,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Texas Instruments in the 4th quarter valued at about $2,584,490,000. Charles Schwab Investment Management Inc. raised its position in Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after purchasing an additional 2,237,035 shares in the last quarter. Invesco Ltd. lifted its stake in Texas Instruments by 15.4% in the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after acquiring an additional 1,587,036 shares during the period. Raymond James Financial Inc. bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $295,665,000. Finally, Van ECK Associates Corp raised its position in shares of Texas Instruments by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company's stock worth $1,408,925,000 after acquiring an additional 1,345,629 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TXN shares. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research note on Monday, April 7th. Wells Fargo & Company dropped their price target on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley reaffirmed an "underweight" rating and set a $148.00 target price (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Rosenblatt Securities reaffirmed a "buy" rating and set a $216.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Finally, UBS Group reduced their price target on Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $189.41.

Insider Transactions at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at approximately $80,872,804.41. This represents a 19.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 200,065 shares of company stock worth $40,070,845 over the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Performance

TXN traded down $5.37 on Friday, hitting $174.84. 3,181,302 shares of the company traded hands, compared to its average volume of 6,297,057. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average of $168.03 and a 200-day moving average of $184.05. The stock has a market capitalization of $158.84 billion, a PE ratio of 33.62, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. Texas Instruments's revenue was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is currently 103.23%.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.